by our College Data Analytics TeamMany students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at M J Murphy Beauty College of Mount Pleasant can sound tremendous, but do not forget that almost all students get some type of financial help.
What financing options does M J Murphy Beauty College of Mount Pleasant offer, and what will you qualify for? Keep scrolling for more information. Keep scrolling to discover what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from M J Murphy Beauty College of Mount Pleasant.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at M J Murphy Beauty College of Mount Pleasant, 100% of first-year full-time students received aid of some kind approximately 28 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $7,437 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 86% | $6,338 |
| State/local grants | 29% | $7,016 |
| Federal student loans | 100% | $7,714 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at M J Murphy Beauty College of Mount Pleasant, about 89% of undergraduate students received gift aid averaging $6,064 (across approximately 47 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $6,064 |
| Federal Pell grants | 64% | $6,618 |
| Federal student loans | 70% | $5,838 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $7,437.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $11,836 |
| $30,001 – $75,000 | $12,108 |
| Over $75,000 | $18,441 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $5,446 |
| Off-campus title-IV students | $13,516 |
To get a personalized net price estimate, try M J Murphy Beauty College of Mount Pleasant’s net price calculator: www.mjmbc.net/tuition.
The median federal debt load at M J Murphy Beauty College of Mount Pleasant comes to $4,750 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,750 |
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at M J Murphy Beauty College of Mount Pleasant.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $9,833 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. M J Murphy Beauty College of Mount Pleasant.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at M J Murphy Beauty College of Mount Pleasant:
| Metric | Value |
|---|---|
| Stafford loan recipients | 422 |
| Total Stafford loan amount | $2,919,022 |
References
More about our data sources and methodologies.